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Is it Too Late for Tesla?
New York | In May of last year, we suggested that it may be time for Elon Musk to declare victory and sell Tesla Motors (TSLA) to one of...
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May 27, 20196 min read


Squeeze Play: Rising Funding Costs, Flat to Down Yields
New York | This week The Institutional Risk Analyst is participating at The Mortgage Bankers Association Secondary Conference, one of the...
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May 21, 20195 min read


The Interview: Michael Bright of SFIG
New York | In this issue of The Institutional Risk Analyst, we speak to Michael Bright, President and CEO of the Structured Finance...
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May 16, 20196 min read


Eisenbeis: Hope Is Not a Strategy
New York | In this issue of The Institutional Risk Analyst, we feature a market comment from Robert Eisenbeis, Vice Chairman & Chief...
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May 10, 20194 min read


Achim Dübel on Deutsche Bank AG
New York | In this issue of The Institutional Risk Analyst, we talk to our friend Hans-Joachim (Achim) Dübel of FINPOLCONSULT in Berlin...
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May 6, 20195 min read


Risk On: Falling Real Estate Prices
“Stock prices have reached what looks like a permanently high plateau.” Irving Fisher Autumn 1929 New York | Is the free ride over for...
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Apr 29, 20195 min read


Is it Springtime in Housing?
New York | Last week the Mortgage Bankers Association released their annual production report for 2018. It is not a pretty picture. The...
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Apr 22, 20195 min read


Funding Headwinds Grow for US Banks
Orlando | This week The Institutional Risk Analyst is participating in the Information Exchange sponsored by Black Knight, Inc. (BKI),...
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Apr 14, 20194 min read


Forget Everything You Heard About Rising Interest Rates
La Jolla | This week The Institutional Risk Analyst is in La Jolla for The Chairman's Conference of The California Mortgage Bankers...
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Apr 8, 20194 min read


Is there a bull case for Wells Fargo & Co?
New York | Last week Senator Elizabeth Warren (D-MA) finally got her scalp. Tim Sloan, CEO of Wells Fargo & Co (WFC) resigned, part of...
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Mar 31, 20196 min read


Bank Earnings and QE/QT
New York | In the most recent edition of The IRA Bank Book, we note that the rate of increase in funding costs for US banks in 2018 was a...
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Mar 24, 20195 min read


HELOCs and Transformational REPO
New York | We had a great trip last week, participating in Ellie Mae’s (ELLI) Experience 2019 and surveying the rich (and water sodden)...
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Mar 17, 20198 min read


The Interview: David Kotok on GSIBs, Markets and Central Banks
San Francisco | In this issue of The Institutional Risk Analyst, we feature a conversation with David Kotok, Chairman and Chief...
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Mar 10, 20199 min read


The IRA Bank Book + Top Ten US Banks
In this edition of The Institutional Risk Analyst, we announce the release of The IRA Bank Book for Q1 2019. We focus on some of the key...
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Mar 6, 20192 min read


The Carry Trade is Dead
Scottsdale | In this issue of The Institutional Risk Analyst, Ralph Delguidice expounds on the world of leveraged investing in the...
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Feb 28, 20194 min read


Financial Repression Falls -- A Little
New York | First a travel note. The Institutional Risk Analyst will be at the Structured Finance Industry Group (SFIG) conference in Los...
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Feb 24, 20194 min read


The Trade: Sell Servicing, Buy a Bank
Washington | Consider the irony of the American housing sector. In the District of Columbia, various pundits, market retreads and...
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Feb 18, 20197 min read


The New Confidence
New York | This week in The Institutional Risk Analyst, we note a couple of reader comments. First, we’ve been accused of having a...
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Feb 10, 20197 min read


Bigger Balance Sheet Bullish? Really?
New York | This week in The Institutional Risk Analyst, contributor Ralph Delguidice ponders the aftermath of the retreat last week by...
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Feb 3, 20193 min read


Fed Blinks as Housing, CLOs Slump
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” Ernest Hemingway, "The Sun Also Rises" New York | Last week the Federal...
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Jan 28, 20196 min read
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